🔹XAU/USD (Gold) – Technical Analysis (30-Min Chart)
▪️Gold is displaying a bullish structure after breaking out of a prolonged consolidation zone. The price has broken and retested the $3,355 resistance level, confirming it as a new demand zone. Momentum remains strong, suggesting further upside potential.
🔍 Key Zones:
▫️Consolidation Zone: $3,328 -$3,355 (now broken)
▫️ Demand Zone (Buy Area): $3,340 - $3,355
▫️Breakout Retest Zone: $3,360 Ideal area for re-entry on pullback
▫️ Immediate Resistance: $3,383
▫️ Targets:
▫️🎯 First Target: $3,390
▫️ 🏁 Final Target Zone: $3,401 -$3,420
📈 Trade Strategy:
▫️Scenario 1: Wait for a bullish retest at $3,355-$3,360. Enter long on confirmation (bullish candle or volume spike).
▫️Scenario 2: If price breaks above $3,373 with strong momentum, enter on breakout with targets at $3,380 and $3,410+.
▫️Invalidation: A break below $3,340 would weaken the bullish outlook.
▪️Bias: Strongly bullish while price holds above the demand zone. Watch for volume confirmation at breakout levels.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
▪️Gold is displaying a bullish structure after breaking out of a prolonged consolidation zone. The price has broken and retested the $3,355 resistance level, confirming it as a new demand zone. Momentum remains strong, suggesting further upside potential.
🔍 Key Zones:
▫️Consolidation Zone: $3,328 -$3,355 (now broken)
▫️ Demand Zone (Buy Area): $3,340 - $3,355
▫️Breakout Retest Zone: $3,360 Ideal area for re-entry on pullback
▫️ Immediate Resistance: $3,383
▫️ Targets:
▫️🎯 First Target: $3,390
▫️ 🏁 Final Target Zone: $3,401 -$3,420
📈 Trade Strategy:
▫️Scenario 1: Wait for a bullish retest at $3,355-$3,360. Enter long on confirmation (bullish candle or volume spike).
▫️Scenario 2: If price breaks above $3,373 with strong momentum, enter on breakout with targets at $3,380 and $3,410+.
▫️Invalidation: A break below $3,340 would weaken the bullish outlook.
▪️Bias: Strongly bullish while price holds above the demand zone. Watch for volume confirmation at breakout levels.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
Trade active
from 3340 demand zoneNote
price touched 3360, 200 pips+ secured Note
price touched 3375 . 350 pips+ achieved Note
Note
price touched 3385, 450 pips+ achieved Note
target achieved 3420 , 800 pips+Trade closed: target reached
800 pips+ , 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.